AMP CREDIT TECHNOLOGIES
FinTech Innovation Lab Asia Pacific
My name is James Lloyd, the Head of Strategy and Corporate Development at AMP Credit Technologies (formerly Advanced Merchant Payments). AMP enables banks and other business service-providers to profitably offer short-term, unsecured loans to their under-served small business customers – whether by leveraging AMP’s technology platform directly, or via a referral relationship with Amplifi Capital, our direct-lending subsidiary.
First and foremost was the quality of the partners and the participating financial institutions. As a growth-stage company operating across territories, we were drawn to the Lab because it affords the opportunity to work with leading regional and global financial services institutions. AMP has operations in Hong Kong, Singapore, the Philippines and (most recently) the UK – with expansion plans across APAC and EMEA. The Lab enabled us to make connections with institutions operating in all our relevant markets.
Our experience of the Lab has been entirely positive. In addition to building strong relationships with potential customers, we had the opportunity to gain and share insights with mentors and other participants. We also used the Lab as a means to test and refine our core proposition. Finally, soon after our “graduation” from the Lab, we successfully raised US$5 million in institutionalfinancing – funding which we subsequently increased with a follow-on raise.
I would absolutely recommend the FinTech Innovation Lab to any early stage start ups or growth-stage companies that are seeking exposure to technology leads and to decision-makers in major financial institutions.
Updated: May 2015